Agency
A Mississippi real estate team led by a team leader includes three buyer's agents. All team members are licensed under the same supervising broker. A buyer signs a buyer agency agreement with one team member. Who is the buyer's agent of record?
AThe individual team member only
BThe supervising broker's brokerage; all licensed team members work under the broker's license, and the agency relationship is with the brokerage✓ Correct
CThe team leader
DAll three buyer's agents jointly
Explanation
All agency relationships in Mississippi are with the brokerage (the broker), not individual salespersons. When a buyer signs a buyer agency agreement with a team member, the agency relationship is between the buyer and the brokerage — all team members working under that broker can assist with the transaction.
Related Mississippi Agency Questions
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- A Mississippi listing agent has the seller's authority to accept deposits. The seller later claims they never authorized deposit acceptance. The listing agent's authority to accept deposits is most likely:
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